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    532 Elm St Us Rte Biddeford, ME 04005

    Sponsored
    For Sale
    $1,050,000

    High-traffic 3.2-acre lot, ideal for development.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    345
    This exceptional 3.2-acre parcel presents a unique investment opportunity in a highly desirable Biddeford location. Situated directly on US Route 1, this property boasts unparalleled visibility due to its position across from the recently constructed $65 million Federal Courthouse. The site benefits from a strategic location at the new Five Points intersection, experiencing a substantial daily traffic count exceeding 13,841 vehicles, according to Department of Transportation data. This high traffic volume ensures maximum exposure for any future development. The property's infrastructure readiness is a significant advantage

    Property Features for 532 Elm St Us Rte

    General Information

    Property type
    Other commercial real estate
    Lot Size
    139,392 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Biddeford
    County
    York
    State
    Maine
    Longitude
    -70.48234
    Latitude
    43.47229

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic 3.2-acre lot, ideal for development.
    Where is this commercial real estate located?
    The property is located at 532 Elm St Us Rte Biddeford, ME.
    What is the asking price?
    The asking price for this property is $1,050,000.
    (207) 623-4182
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    Biddeford, ME 04005
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    532 Elm St Us Rte Biddeford, ME 04005
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